Under the Workers Rehabilitation and Compensation Act 1988 (The Act) all employers are required to take out a policy to cover all employees including the following:
For further information, see the WorkCover TAS website.
All employees are covered by a workers' compensation policy and are entitled to compensation for any injury that occurs in the course of their employment (where their employment is deemed to be a significant contributing factor).
If you are a sole proprietor or a member of a partnership, you are not a worker of your own business and therefore you cannot take out a Workers' Compensation policy for yourself.
When taking out a policy, you will need to submit a proposal form declaring estimated wages for the period of the policy (usually twelve months) and pay the deposit premium based on the estimate. The premium is adjusted at the end of the period based on actual wages. For further information see the employer information pack and employers indemnity policy.
Premium rates are reviewed by CGU annually. The rate you pay is determined by your industry or occupation. This rate is then applied to your gross estimated wages for the 12 month period. The rate may be varied subject to your previous claims history and wageroll.
If one of your workers has a work related injury or industrial disease and you are uninsured, you will be liable for the cost of that claim. You may also be liable for the cost of any damages awarded by a court. In addition, WorkCover TAS may prosecute any uninsured employer, with fines payable of up to 500 penalty points. For further information see the WorkCover TAS website.
Under the terms of the policy we issue, you have certain policy and claims responsibilities to fulfil. It is important that you take the time to read your policy document so that you are aware of these obligations.
The major obligations you have are to:
As an employer, you also have obligations when one of your employees is injured at work. For further information, see the claims section for employers.
As a large business, your company structure may mean that you have complex needs when it comes to managing your workers' compensation policy.
We will work with you and your advisor to understand your business structure and strategy and help make the management of your portfolio of policies as effective and efficient as possible.